During Fortune’s Most Powerful Women Summit, Gwyneth Paltrow responded to Martha Stewart’s statement in Porter magazine’s fall 2014 issue, where the latter said that if Paltrow were confident with her acting, she does not need to try to be like Stewart.
In response, Paltrow said that she was psyched that Stewart sees her as competition.
“I’m so psyched that she sees us as competition, I really am. I think that when anybody criticizes anyone, it really is revealing more about where they are in time and space as opposed to where you are in time and space. … Sometimes I learn good things from criticism,” said Paltrow as published on CNN.
Paltrow, 42, runs a high-end lifestyle website called Goop. In the website, Paltrow and a team of writers give advice on wellness and trusting one’s gut and sell items like customizable sweaters for $550. Business Week reported that as of 2013, the website has over 150,000 subscribers.
In HitFix, Liana Maeby described the Goop brand’s trajectory.
“GOOP has grown from a simple newsletter about gluten-free chicken fingers made out of fish and the best six-star hotels in Beijing into a veritable hub of ecommers, offering a selection of Gwyneth-approved merchandise,” remarked Maeby on HitFix.
Paltrow also opened a bricks-and-mortars Goop store in Brentwood County Mart in May this year.
However, Jezebel reported that Goop lost $300,000 over the past two years, submerging Paltrow’s business in debts amounting to $1.2 million. From 2011–2012, Paltrow and then-CEO Sebastian Bishop raised their salaries from $200,000 to nearly $600,000. Moreover, the two took out interest-free loans from the company that amount to $100,000 in total.
Bishop resigned when Goop announced plans to tranfer its headquarters from London to Los Angeles. Paltrow has since appointed Lisa Gersh as Goop’s new CEO. Gersh is the former CEO of Stewart’s Living Omnimedia.
Paltrow was one of the first celebrities to dabble in lifestyle and ecommerce, while actresses Jessica Alba and Blake Lively followed suit.
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There you have it for the scoop on the feud between Martha Stewart and Gwyneth Paltrow. Follow Movie News Guide (MNG) for more updates on celebrities.
Photo source: Wikimedia Commons/Andrew Halpern